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| Chishti, Anwar F.; Malik, Waqar. |
| A theory-based graphical analysis of WTO's trade liberalization policies (opening of close-economy to international trade and cuts in price-supports, import-tariffs and export-subsidies) suggests that most of such policies would yield net social gains to the society, as a whole. The adverse effects and losses in producer surpluses of some of the policies would be balanced out by greater gains in consumer surpluses and vice versa. Losses in producer surpluses due to cuts in price supports and import tariffs are also expected to be partially subsided by reductions in export subsidies mainly granted by the USA and EU; hence, policies need to be enforced, not in isolation, but in a simultaneous fashion. Trade liberalization would help minimize control of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/24850 |
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